What causes Globalization.

The book I am reading right off, Lexus and the Olive contain by Thomas L. Friedman explains three major factors for the spread of globalisation The democratisation of Technology Now, due to developments in communication technology, you give the sack communicate cheaply. Innovations in miniaturization have made computers, pagers and booth phones easy to stick out and affordable. Due to this the potential for wealth creation has become more than(prenominal) geographic anyy dispersed. An example he gives for this is the telephone centers run in India. The back offices of various western companies atomic number 18 now determined in India, outcomeing in more jobs. The democratization of Finance After the cold state of warfare intimately international lending was done by massive commercial message banks and insurance companies. Now companies offer mystifys directly to the node which could be you and me frameing through our 401(k) plans. As a result countries and compa nies are now dealing with people whom they dont know set(p) in various countries. If a country or fraternity did not perform the bond holders would sell off their shares and invest money in countries and companies that performed. The democratisation of Information In the post cold war era, near Governments controlled the tuition that was distributed to the public.

With the launch of many communication satellites, the second of reading channels purchasable increased dramatic each(prenominal)y and is available to anyone with a dish antenna or a credit spot subscription. With the advent of Internet, information is available anytime on-demand. He says that due to exclusively these fac tors you cannot supress information anymore ! or pretend that you did not capture it. This was seeming(a) in the recent spread of SARS in China. From all the information we got, people in North America knew more about SARS in China than people in China. As a result many business opportunties were disordered and many... If you want to get a full essay, order it on our website: OrderEssay.net

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